ANNUAL REPORT OF PROGRAM ACTIVITY
FISCAL YEAR 2005: July 1, 2004 – June 30, 2005
ST. FRANCIS COUNTYPart of Congressional District 1 |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
MEDIAN LOAN AMT. |
|
18 |
$1,307,294.00 |
$72,627.44 |
$65,226.00 |
Loans by Originator
|
Originator / Branch |
No. Loans |
Dollar Amount |
|
Pulaski Mortgage Company, Forrest City, AR |
15 |
$1,140,484.00 |
|
Pulaski Mortgage Company, West Memphis, AR |
3 |
$166,810.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
16 |
$1,084,299.00 |
|
New or Proposed Construction |
2 |
$222,995.00 |
Loans by Loan Type
|
Loan Type |
No. Loans |
Dollar Amount |
|
FHA |
8 |
$598,885.00 |
|
VA |
0 |
$0.00 |
|
Conventional |
0 |
$0.00 |
|
Rural Development |
10 |
$708,409.00 |
|
Uninsured |
0 |
$0.00 |
|
Other |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
10 |
$688,773.00 |
55.6% |
|
Minorities |
8 |
$618,521.00 |
44.4% |
|
Ethnicity |
Mean Income |
Median Income |
|
Non-Minorities |
$43,775.27 |
$45,402.00 |
|
Minorities |
$38,101.50 |
$38,706.00 |
|
Average Household Size: |
2.5 |
|
|
|
|
Loan Cancellation Rate: |
18.2% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
11 |
$25,964.00 |
$2,360.36 |
61.1% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
11 |
$25,964.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
10 |
$22,964.00 |
|
New or Proposed Construction |
1 |
$3,000.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
5 |
$12,327.00 |
45.5% |
|
Minorities |
6 |
$13,637.00 |
54.5% |
|
Loan Cancellation Rate: |
31.1% |
Loan Statistics
|
NO. LOANS |
DOLLAR AMOUNT |
MEAN LOAN AMT. |
% of H2O (1ST) LOANS |
|
1 |
$1,000.00 |
$1,000.00 |
5.6% |
Loans by Homebuyer Counselor
|
Counselor |
No. Loans |
Dollar Amount |
|
1 |
$1,000.00 |
|
New or Existing |
No. Loans |
Dollar Amount |
|
Existing Construction |
1 |
$1,000.00 |
|
New or Proposed Construction |
0 |
$0.00 |
Demographics
|
Ethnicity |
No. Loans |
Dollar Amount |
Percent |
|
Non-Minorities |
1 |
$1,000.00 |
100.0% |
|
Minorities |
0 |
$0.00 |
0.0% |
|
Loan Cancellation Rate: |
0.0% |
|
TOTAL HOMEOWNERSHIP: |
$1,334,258.00 |
Total Economic Impact
|
Local Jobs Supported |
6 |
|
Local Business Owners’ Income |
$52,360.00 |
|
Local Wages & Salaries |
$235,460.00 |
|
Local Government Revenue |
$37,140.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$324,960.00 |
Program Statistics
HOME Allocations / Board Approvals FY 2005
|
|
No. Units |
HOME Funds |
|
Rental New Construction |
0 |
$0.00 |
|
Rental Rehab |
0 |
$0.00 |
|
Homeowner New Construction |
0 |
$0.00 |
|
Homeowner Rehab or Mortgage Subsidy |
27 |
$385,000.00 |
|
Tenant Based Rental Assistance |
0 |
$0.00 |
|
Acq / Rehab |
0 |
$0.00 |
|
TOTAL |
27 |
$385,000.00 |
|
Average Amount per Unit |
|
$14,259.26 |
Low-Income Housing Tax Credits / Board Approvals FY 2005
|
|
No. Units |
Federal LIHTC |
State LIHTC |
Total Funds |
Average Per Unit |
|
49 |
$97,159.00 |
$0.00 |
$97,159.00 |
$1,982.84 |
|
|
New Const. |
0 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
|
|
|
|
|
|
|
|
Total |
49 |
$97,159.00 |
$0.00 |
$97,159.00 |
$1,982.84 |
Multifamily Housing Bonds
|
|
No. Units |
Dollar Amount |
Average per Unit |
|
0 |
$0.00 |
$0.00 |
|
|
New Const. |
0 |
$0.00 |
$0.00 |
|
|
|
|
|
|
Total |
0 |
$0.00 |
$0.00 |
|
TOTAL HOUSING PRODUCTION: |
$482,159.00 |
Total Economic Impact
|
Local Jobs Supported |
0 |
|
Local Business Owners’ Income |
$0.00 |
|
Local Wages & Salaries |
$0.00 |
|
Local Government Revenue |
$0.00 |
|
|
|
|
TOTAL MONETARY IMPACT |
$0.00 |
Program Statistics
|
Program |
No. Projects |
Project Amount |
Average Project Amount |
|
ADFA Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
AEDC/Other Bond Guaranty |
0 |
$0.00 |
$0.00 |
|
Higher Education Facilities |
0 |
$0.00 |
$0.00 |
|
Wastewater Revolving Loan |
0 |
$0.00 |
$0.00 |
|
Safe Drinking Water Revolving Loan |
0 |
$0.00 |
$0.00 |
|
Bond Guaranty Reserve Fund |
0 |
$0.00 |
$0.00 |
|
Capital Access Program |
0 |
$0.00 |
$0.00 |
|
State Facilities Finance |
0 |
$0.00 |
$0.00 |
|
Interim Loans with other Agencies |
0 |
$0.00 |
$0.00 |
|
Special Projects Fund |
0 |
$0.00 |
$0.00 |
|
Taxable Industrial Revenue Bonds |
0 |
$0.00 |
$0.00 |
|
TOTAL DEVELOPMENT FINANCE: |
$0.00 |
TOTAL FUNDS FOR ST. FRANCIS CNTY FY 2005
$1,816,417.00
Distribution of these total funds
|
|
|
% Change from Previous Year |
|
Homeownership |
$1,334,258.00 |
+54.0% |
|
Housing Production |
$482,159.00 |
-54.0% |
|
Development Finance |
$0.00 |
0.0% |
|
Overall |
$1,816,417.00 |
+8.5% |